Parliamentary Panel Proposes Crypto Regulatory Framework in India

A parliamentary panel in India has suggested creating a self-regulatory organisation (SRO) to regulate virtual digital assets (VDAs).

This comes as the current policy only imposes a 30% tax on crypto gains without a dedicated framework.

Industry leaders have mixed reactions, with some believing different types of VDAs should be regulated by different bodies.

Meanwhile, Indian startups raised $209 million last week, with manufacturing and SaaS sectors leading.

ShareChat, a social media giant, is preparing for a $400 million IPO next year, focusing on profitability and AI-driven engagement.

VAHDAM, a tea brand, is expanding its presence in India after global success.

ProactAI is developing an indigenous AI stack for surveillance, aiming to reduce dependence on imported tools.